Simfoni 2026: Benefits, Features & Pricing

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Overview
Pricing and Plans
Features
User Reviews

Overview

Simfoni

4.5

(26)

Pricing

Starting at $1.00 per month

About Simfoni

Spend Analytics delivers easy-to-use dashboards that help to visualize all spending in one location. Simfoni quickly aggregates and classifies data from all locations and data sources to provide you with the richest and most meaningful insights possible.

With powerful machine learning and advanced AI capabilities, Spend Analytics transforms and supercharges the classification process – classifying thousands of records per minute – to provide you with more accurate visibility.

Simfoni Screenshots

Simfoni Pricing and Plans

Starting price: $1.00 per month

Free Trial

Free Version

Basic

$1.00

per user, per month

No plan information available

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Simfoni Features

Popular features found in Procurement
Budgeting/Forecasting
Catalog Management
Contract/License Management
Inventory Management
Invoice Processing
Purchase Order Management
Sourcing Management
Spend Management
Vendor Management
More features of Simfoni
API
Compliance Management
Invoice Management
Procurement Management
Requisition Management
Spend Analysis
Spend Control
Supplier Management

Simfoni User Reviews

Overall Rating

4.5

Ratings Breakdown

65%

23%

Secondary Ratings

Ease of Use

4.5

Value for money

4.5

Customer support

4.4

Functionality

4.3

Albert Gary L.

Verified reviewer

Chemicals

10000+ employees

Used weekly for more than 2 years

Review source

Reviewed September 2023

eSourcing Review

Consistent RFXs to the supplier community. Ability to back-up others

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

Provides a consistent and professional platform to tender RFXs.Institutionalizes the process and makes transparent for compliance.Able to copy and paste prior projects to streamline and expedite package preparation

Cons:

Not very intuitive or as organized as I would prefer. But, knowledge and experience is easily gained with usage

Reasons for choosing Simfoni

Initially used contract management system and supplier management but integrated to other systems as a corporate requirement

Brandi V.

Verified reviewer

Food Production

201-500 employees

Used daily for more than 2 years

Review source

Reviewed July 2023

You CAN teach an old dog new tricks!

My experience with Simfoni products and their staff overall has been excellent. We were looking for a system that could act as an onboarding process for incoming requests before they were entered into our ERP system. We are expanding our range of KPI and how we can further improve our processes. This system is user friendly, is filled with help instructions and new enhancements being implemented. I feel that I more than got our money's worth with the modules that we have started with and I look forward to continuing to grow with this company. They really listen and deliver what is needed.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

Firstly, the initial salesperson impressed me over other companies with her friendly, authentic, non-salesy conversation. She got my attention which led to questions, demos, and eventually the right fit for my team that I didn't think existed. By implementing the Workflow and eSourcing modules into our very niche procurement process, we were able to improve the transparency, efficiency, and reporting capability by tenfold. My department was able to capture all incoming needs from global requestors, upload items, source vendors, compare best bids, report and communicate the findings all within the same system. I am relieved to have found a program that will allow my team to move away from antiquated procedures which were a high risk for errors and revolved around a high volume of emails, PDFs, spreadsheets and good old fashioned pen and paper. There is room to grow with the Simfoni products too. When we are ready...we can connect our Simfoni modules to our ERP system and also manage our spend better! We would not be where we are today if it weren't for the knowledgeable and patient Success Manager who helped us every step of the way.

Cons:

Given our specific business needs at the time, Simfoni had a little too many 'bells & whistles' which felt overwhelming at first. We were accustomed to a much more simple design and it took us a while to adjust our mindset to see where this platform could take us.

Reasons for choosing Simfoni

Simple, user-friendly design. It was made for procurement by procurement people. It was an agnostic system that we could build as needed with modules. The sales, training, and management teams were reputable and trustworthy. They were a small company that continued to show growth over a long period of time.

Sanjay D.

Verified reviewer

Maritime

501-1000 employees

Used weekly for less than 12 months

Review source

Reviewed November 2021

Simfoni feedback

It is a good tool. But stakeholder engagement is vital to ensure that detailed analysis across all categories and functions is possible

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

The Software is easy to use. As an general information resource it works fine. But when you need to get to what the details are of actually managing spend and analysing data, there has been no consideration building in the stakeholder requirements to capture critical data.

Cons:

Lack of category detail which does not allow for true analysis

Phil M.

Verified reviewer

Chemicals

10000+ employees

Used weekly for less than 2 years

Review source

Reviewed July 2023

Accelerate your spend analytics with Simfoni

Very positive experience. The account team is dedicated to exceding our expectations.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

We can look at our data in multiple ways depending upon the analysis needed, i.e. Spend by supplier, Spend by Category, Spend by location, Spend by department, Spend by payment terms, Tail spend to understand small purchases. We update data in Simfoni monthly after the close of the previous month and generally, the data that we send is updated within a week. Also, the supplier's name is normalized by Simfoni so we can get the entire global spend by supplier which often gives us better visability of our spend vs. what the supplier can maintain.

Cons:

There are some new features, i.e. eSourcing that are availalbe, but we have not seen the product fully devloped to our needs to date.

Reasons for choosing Simfoni

Simfoni was able to meet all of our needs from a cash flow to implementation to production stability capabilities vs. the competition.

Kiran S.

Verified reviewer

Higher Education

501-1000 employees

Used daily for less than 6 months

Review source

Reviewed July 2023

Efficient & Resourceful...

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

Firstly, [sensitive content hidden] has been a huge help - wholly reassuring, very clear and has provided consistent support throughout the implementation process. He has been hand-holding whilst empowering me to jump right into using the system. Secondly, the analytics tool is just beyond exciting! Being able to have the dashboards already set up using our historical data and drilling down into information has fuelled curiosity to explore new projects, identify new efficiency or cost saving opportunities and has helped save hours of time every month.

Cons:

I think being left to explore it can sometimes feel a little scary because there's so much the system can do.... but a lot like learning to drive a car - doing the projects in real time with the Simfoni teams' live support has been instrumental to being able to use the system independently quickly. Instead of bombarding me with everything the system can do on day one, [sensitive content hidden] was particularly good at scouting what I needed to do with a particular project, working through it together, and then advising how to use the additional features as and when they became required. It is a slightly pricier system than the others we reviewed, however given the functionality and the support, I'd justify making the same decision.

Randy W.

Verified reviewer

Chemicals

201-500 employees

Used daily for more than 2 years

Review source

Reviewed September 2023

eSourcing

By utilizing the eSourcing module, RFIs, RFP/Qs and correspondence with bidders are easily stored and shared within the team.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

The eSourcing module has been most impactful for my group. The module is easy to use, allows for numerous bidders and reduces the bid evaluation period by 75%!

Cons:

The only issues found with the system, is the speed. The system is slow loading information and changing screens.

Patricia P.

Verified reviewer

Utilities

11-50 employees

Used daily for more than 2 years

Review source

Reviewed June 2023

What I like about Simfoni

[sensitive content hidden] is a wonderful teacher! He walked me thru all the screens with ease. He offered any extra help if I could not find something I was looking for.My experience with Simfoni has been a good one. Thanks [sensitive content hidden]!!

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

Easy to use. Not a lot of steps to get the end result - excel spreadsheet. Suppliers can easily navigate thru the screens to find any documents and to input their information.Exporting is very easy. Communicating with others (Suppliers) is very easy - and important to keep track.Add/Delete is very simple. I am very impressed with the new U/I.

Cons:

So far, I can't tell if I have any concerns at the moment.

Reasons for choosing Simfoni

I am not the person who handles this question.

Jorge G.

Verified reviewer

Automotive

10000+ employees

Used daily for less than 2 years

Review source

Reviewed June 2023

Simfoni Review Power User

I will say is a great tool for any procurement professional in charge of category management that is looking to use data to help them make better informed decisions and at the same time simply the workload on creating RFPs for multiple vendors.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

Easy-to-use platform that provides excellent tools for analytical work and gives you quick and easy to digest information to help you make inform decisions regarding your spend.

Cons:

Now with the rise of AI, there is an opportunity to implement AI tools to help simplify a lot of the manual task of inputting some data.

Reasons for switching to Simfoni

end of 2022

Keith W.

Verified reviewer

Banking

1001-5000 employees

Used daily for less than 12 months

Review source

Reviewed November 2021

Easy Implement, Easy to Use, The Essential Data We Need

Prior to implementation of Simfoni, we had general information by supplier spend, but didn't tie out with any business unit, stakeholder, commodity, etc. Simfoni's implementation resource worked closely with my finance team to help extract the required data from our systems. Ideas were shared when there were road blocks and there was always a partnership to what can we do, versus what a system only allowed - which has been my experience in the past with other larger software solution providers.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

Easy to configure. I am able to easily pull both macro and micro detail in relation to the information that we provide on a monthly basis to our spend. We include GL, Cost Centers, and Line of Business filtering to allow me to have a data based discussion with my stakeholders.

Cons:

I have not encountered any issues thus far that I dislike about Simfoni's Spend Analytics Tool.

Reasons for choosing Simfoni

Ease of use; Quick implementation; Competitive cost